Handelsbanken Fonder AB Cuts Position in Perdoceo Education Co. (NASDAQ:PRDO)

Handelsbanken Fonder AB decreased its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 7.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,300 shares of the company’s stock after selling 1,000 shares during the period. Handelsbanken Fonder AB’s holdings in Perdoceo Education were worth $234,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PRDO. Planned Solutions Inc. acquired a new position in shares of Perdoceo Education in the 4th quarter valued at $26,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Perdoceo Education in the fourth quarter worth $26,000. Commons Capital LLC acquired a new position in Perdoceo Education during the 4th quarter valued at about $193,000. Fox Run Management L.L.C. acquired a new stake in Perdoceo Education in the 3rd quarter valued at approximately $208,000. Finally, Diversified Trust Co bought a new stake in shares of Perdoceo Education during the fourth quarter valued at about $231,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on PRDO. StockNews.com cut shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th. Barrington Research increased their price target on shares of Perdoceo Education from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday.

Insiders Place Their Bets

In related news, CFO Ashish R. Ghia sold 11,412 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $19.00, for a total transaction of $216,828.00. Following the completion of the sale, the chief financial officer now owns 226,234 shares in the company, valued at approximately $4,298,446. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Todd S. Nelson sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $17.23, for a total value of $275,680.00. Following the completion of the transaction, the chief executive officer now owns 713,367 shares in the company, valued at approximately $12,291,313.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ashish R. Ghia sold 11,412 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $19.00, for a total value of $216,828.00. Following the completion of the transaction, the chief financial officer now owns 226,234 shares in the company, valued at $4,298,446. The disclosure for this sale can be found here. Insiders sold 75,412 shares of company stock worth $1,342,428 over the last three months. 1.81% of the stock is currently owned by corporate insiders.

Perdoceo Education Trading Up 1.0 %

NASDAQ:PRDO opened at $24.34 on Friday. The firm’s fifty day simple moving average is $17.77 and its 200 day simple moving average is $17.70. The firm has a market capitalization of $1.60 billion, a PE ratio of 10.72, a PEG ratio of 0.58 and a beta of 0.93. Perdoceo Education Co. has a 1 year low of $11.50 and a 1 year high of $24.66.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Wednesday, May 1st. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.07. The business had revenue of $168.30 million during the quarter, compared to analysts’ expectations of $163.30 million. Perdoceo Education had a net margin of 22.35% and a return on equity of 17.33%. The firm’s revenue was down 14.0% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. As a group, analysts anticipate that Perdoceo Education Co. will post 2.12 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Friday, May 31st. Perdoceo Education’s dividend payout ratio (DPR) is 19.38%.

Perdoceo Education Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.